Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee because today’s crypto story ties together politics, markets, and bold predictions. From Eric Trump’s $1 million Bitcoin (BTC) forecast in Hong Kong to looming US Treasury refinancing pressures, the next few weeks could define the narrative for digital assets.
Crypto News of the Day: Eric Trump Predicts $1 Million Bitcoin at Hong Kong Conference
Eric Trump has doubled down on the Trump family’s growing influence in crypto. Speaking in Hong Kong at the Metaplanet event on Friday, he told the audience that Bitcoin will eventually hit a $1 million valuation.
During Bitcoin Asia 2025, Trump positioned himself beyond a supporter as a deeply embedded figure in the digital asset ecosystem.
He revealed that 90% of his time is now spent with the crypto community, reflecting a significant pivot from real estate and traditional business interests.
“I really believe in the next several years, Bitcoin hits a million dollars. There’s no question,” Trump said.
The appearance marked the first for the Trump brothers at Asia-focused crypto events.
In the coming months, both Eric and Donald Trump Jr. are scheduled to appear at major industry gatherings in South Korea and Singapore.
It signals an international expansion of what has been dubbed the Trump family crypto empire.
During his panel, Eric Trump praised Simon Gerovich, CEO of Metaplanet.
As indicated in a recent US Crypto News publication, the Japanese Bitcoin treasury company has become one of Asia’s most visible corporate BTC holders.
Earlier this year, Eric Trump joined Metaplanet’s board of advisors, cementing his ties to Asia’s fast-growing institutional Bitcoin adoption.
Treasury Liquidity Crunch Could Shape Bitcoin’s September
While Eric Trump’s million-dollar Bitcoin call grabbed headlines in Hong Kong, traders are eyeing a more immediate catalyst.
A recent US Crypto News publication also reported September’s $2.35 trillion US Treasury refinancing cycle.
Macro analyst Rob Jones, who has been tracking monthly refinancing patterns, said the sheer scale of September’s rollover makes it an “extreme event.”
He expects the pressure to create a predictable rhythm for Bitcoin, beginning with weakness in early September.
“We typically see a drawdown in the first week of the month when refinancing peaks, usually around days 4–5,” Jones noted.
For September, he projects a 6–8% BTC dip, followed by a recovery rally once Treasury auctions stabilize.
Jones argues that the key is the liquidity injection that follows once refinancing is absorbed.
Based on historical patterns in 2025, Bitcoin has tended to bounce back sharply, with Jones forecasting an 11–12% rally from September’s low.
While Bitcoin has remained rangebound since May, high-beta tokens have outperformed. Jones suggests that the volatility in these altcoins will likely overshoot BTC’s expected moves, offering traders outsized opportunities.
“The math works out. If you drop 6% then up 12%, you’re not flat—you’re actually about 5% higher,” he explained.
For now, traders are bracing for the early-September dip, with positioning strategies already shifting toward capturing the relief rally.
In Jones’ view, the Treasury’s pivot to short-term debt has hardwired these monthly stress points, turning once-rare liquidity crunches into a new market normal — and making Bitcoin’s September cycle one of the most closely watched setups of the year.
Chart of the Day
Byte-Sized Alpha
Here’s a summary of more US crypto news to follow today:
- Shark Tank star Kevin O’Leary expands to Bitcoin ETF.
- CoinShares’ profits soar on Bitcoin and Ethereum gains, US IPO on horizon.
- American Bitcoin’s Nasdaq Debut: Breaking down the listing, strategy, and the Trump factor.
- Traders frustrated as Binance futures face temporary downtime.
- Is Bitcoin’s bull run nearing the end? Analysts point to October as the possible peak.
- Japan auto parts maker invests in a US stablecoin firm, fueling stock value gains.
- Miners selling accelerates as macroeconomic concerns escalate.
Crypto Equities Pre-Market Overview
| Company | At the Close of August 28 | Pre-Market Overview |
| Strategy (MSTR) | $338.84 | $333.27 (-1.64%) |
| Strategy (MSTR) | $308.47 | $305.09 (-1.10%) |
| Galaxy Digital Holdings (GLXY) | $24.51 | $24.20 (-1.27%) |
| MARA Holdings (MARA) | $15.96 | $15.67 (-1.81%) |
| Riot Platforms (RIOT) | $13.80 | $13.57 (-1.67%) |
| Core Scientific (CORZ) | $14.35 | $14.39 (+0.28%) |
The post Eric Trump Makes $1 Million Bitcoin Call in Hong Kong | US Crypto News appeared first on BeInCrypto.